The USAID-funded Strengthening Private Enterprise for the Digital Economy (SPEED) targets to expand SMEs’ participation in the digital economy by helping them to innovate and adopt digital technology solutions that are safe, reliable, and affordable.
The DTI said the agreement opens doors for possible collaboration between the Philippines and China in undertaking joint case studies and capacity building programs to enhance the knowledge and skills of MSMEs and maximize the potentials of e-commerce.
Since the development and launch of the next-generation system in 2019, business name applications registered and processed online grew from 35% to 75% based on the payment collections received.
House of Representatives minority leader Marcelino “Nonoy” Libanan has issued a warning against online retailers who do not put price tags on their products, and who only divulge their prices via private message (PM) to prospective buyers.
The electronics sector remains to be the Philippines' top export, accounting for 66.3% of total exports during the period with export sales value of $5.1 billion.
Digital platform foodpanda said that as e-commerce emerges as a vital tool in the country’s economic development, developing this sector becomes a key government priority.
“As our country continues to recover from the pandemic, e-Commerce remains to be the catalyst towards economic recovery and growth,” DTI director Christopher Lawrence Arnuco said.
